How Demonetization Ravaged Rural Economy: P Sainath [Video]

As big currency notes were banned on Novermber 8, 2017, it ripped through the rural economy, destroying their potential and perhaps permanently impairing millions of children as the midday meal which was prominently based on cash, came to a grinding halt and took nearly 6 months to recover. How can one measure the permanent health damange of millions of kids dependant on the midday scheme. Though he cites many examples of banks actually helping the poor and downtrodden during those hard times, the general story in Rural India was of despair, devestation and starvation. As the money order postal system collapsed, millions of households relying on their migrant labour force far away to send them regular cash, did not get any leading to starvation and deaths that have not been and perhaps never will be recorded.

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